Arab Finance: Heliopolis Company for Housing and Development (HELI) logged a net profit after tax of EGP 748.465 million in the first quarter (Q1) of 2024, growing substantially by 3,755.4% from EGP 19.413 million in Q1 2023, according to the company’s financial statement on June 4^th.

The company’s operating revenues rose to EGP 239.688 million in the three-month period ended March 31st, compared to EGP 90.918 billion in the same period last year.

Heliopolis Housing is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, as well as project planning and supervising.

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